Cuero voters to decide fate of $76M school bond issue
Oct. 31, 2013 at 5:31 a.m.
CUERO - An 800-seat performing arts center is on the list of projects if a $76 million school bond issue passes muster with voters in the Cuero school district.
The proposal also includes new schools, a gym and band hall and expanded seating in Gobbler Stadium, where artificial turf was recently installed.
The current debt service rate of 6 cents per $100 valuation could increase to about 39 cents or less if the bond passes.
"Values continue to rise, so the rate will decrease, " said Superintendent Jim Haley.
He said the district wants to seize on the opportunity when oil and gas companies will foot the majority of the bond, which will likely be a 25-year note.
"The research and predictions made by area leaders suggest that we are on the upswing of increased values that could last for another eight to 10 years," said Haley.
"It is a better business move to consider these initiatives now than wait until the peak of the oil boom has been reached, and it begins to taper off."
With the continued enrollment growth, the superintendent said facilities are needed now.
"The facilities that would be constructed with these bond funds will be needed in the next five to 10 years whether or not the bond passes," said Haley. "They will only cost more to build in the future.
"Students on every campus will benefit from the new facilities, and the community members who have worked for more than 30 years to raise funds for the fine arts facility will finally see their efforts pay off with a new performing arts center."